This course is relevant to those of you who wish to practise tax in Gibraltar.
The course is primarily aimed at those of you whose professional accountancy qualification covered basic United Kingdom taxation and now wish to become knowledgeable in all aspects of Gibraltar taxation as part of your professional development. Members of the legal profession would also benefit from undertaking this course.
Subject to minimum numbers being met, the course will commence in January and end in June. The course will be delivered on a part time basis, 2 hours per week with additional workshops interspersed throughout. Based on feedback received, this year the course shall be held on Thursdays from 9am – 11am.
The course will comprise:
The course will cover all aspects of Gibraltar taxation and is intended to provide comprehensive technical knowledge of current Gibraltar tax legislation, its application and also help to develop the ability to effectively navigate through and interpret the Income Tax Act and the various rules and regulations.
Upon successful completion of this course you will be awarded a Professional Certificate of Competence in Gibraltar Tax from the University of Gibraltar.
The 19/20 topics are not expected to vary greatly from the 2018/19 course provision below:
|1||Introduction||General introduction to the Income Tax Act 2010, Regulations & Rules|
|2||Introduction||Overview of liability to tax; bases of assessment and payment of tax; outline of assessable and taxable income|
|3||Personal Taxation||Assessable income and exempt income|
|4||Personal Taxation||Allowances, deductions and exemptions|
|5||Personal Taxation||Allowances, deductions and exemptions – continuation|
|6||Personal Taxation||Bases of assessments; Reliefs|
|7||Personal Taxation||Non-residents; Pay As You Earn|
|8||Personal Taxation||Self-employment; Partnerships|
|9||Personal Taxation||Assessments; Payment of tax; Returns|
|10||Personal Taxation||Trusts / Foundations|
|Personal Taxation||Mid-term examination|
|11||Personal Taxation||Special category of individuals; Deceased persons; Benefits in Kind|
|12||Corporate Taxation||The charge to tax; Basis of assessment|
|13||Corporate Taxation||Accounting periods; Payment of tax|
|14||Corporate Taxation||Ascertainment of profits or gains; Business entertaining|
|15||Corporate Taxation||Capital allowances|
|16||Corporate Taxation||Utilities; Companies who abuse their dominant position; Construction subcontractors; company wound up; Branches;|
|17||Corporate Taxation||Returns and assessments; Corporate tax computations|
|18||Corporate Taxation||Dividends; other provisions affecting companies|
|19||General||Anti-avoidance; tax ruling procedures|
|20||General||Appeals; Postponement of tax; tribunal; Offences; Penalties; Surcharges; Parent-Subsidiary Company Directive; Pensions; Annuities; Sundry matters|
Note: The sequence in which each topic will be covered and the contents of each session may be subject to change. The overall content of the course will, however, not change. Throughout the course, participants will undertake case studies as a means of revision and as a basis for discussion of specific issues with a view to improving their understanding of the relevant topics.
To be eligible for this course, candidates should ideally be a trainee, partially-qualified or a professionally qualified accountant. Applications from non-qualified accountants with sufficient experience in accounting / tax will also be considered. However, proof of experience must be provided.
If English is not your first language, you will need to provide proof of competence in English which is acceptable to the University.